Montgomery County Real Estate and Livability Trends
Montgomery County, Ohio presents promising prospects with average taxable income per tax return reaching $67,898.72 in 2021, signaling potential economic growth that could attract investors. Median home values rose from $109,900 in 2015 to $154,300 in 2022, suggesting an engaging yet affordable market. However, property taxes surged to $6,656.82 by 2021, indicating increased financial obligations... Read more
Montgomery County Market Trends
Montgomery County, Ohio's real estate market reveals compelling insights for prudent investors and homebuyers. From 2015 to 2022, median home values climbed from $109,900 to $154,300, suggesting a relatively more affordable entry point compared to state and national averages. The county's residential energy tax credits have shown substantial fluctuations over nine years, peaking dramatically in... Read more
Median Value of Occupied Housing Units in Montgomery County, Ohio Over the Last 8 Years
Montgomery County, Ohio's median home values have trailed behind state and national figures over the past eight years. From 2015 to 2022, the median value rose from $109,900 to $154,300, a gain that, while significant, remains lower compared to the state of Ohio's increase from $129,900 to $183,300 and the national rise from $125,500 to $179,400. This indicates that while property values in Montgomery County are appreciating, they may still offer a more affordable entry point compared to broader trends in Ohio and across the United States, which could appeal to budget-conscious investors and homebuyers.
Residential Energy Tax Credit Per Tax Return in Montgomery County, OH Over the Last 9 Years
Recent data on Montgomery County, Ohio's residential energy tax credits per tax return shows substantial fluctuations over the last nine years, revealing insights for potential investors and property developers. From $298.44 in 2013, the average credit gradually increased, reaching a notable peak of $444.98 by 2017. A significant spike to $1807.89 occurred in 2018, possibly due to policy changes or increased renewable energy adoptions, before stabilizing around $638.39 in 2021. This variability could reflect evolving energy efficiency incentives or economic conditions, highlighting the county's dynamic landscape for residential energy investments.
Average Real Estate Taxes Per Tax Return in Montgomery County, OH Over the Last 10 Years
Montgomery County, Ohio has experienced a notable increase in average real estate taxes per tax return over the past decade, providing key insights for potential investors, new residents, and industry professionals. In 2012, the average tax was $3,753.54, and it has steadily climbed, reaching $6,656.82 in 2021. This general upward trend suggests rising property values and/or tax rates, critically influencing property affordability and investment returns. It's essential for appraisers, insurance agents, and real estate stakeholders to consider these growing tax rates when evaluating properties and understanding long-term financial commitments in this county.
Percentage of Farm Returns in Montgomery County, OH Over the Last 10 Years
Farm tax returns in Montgomery County, Ohio, have shown a gradual decline over the past decade, dropping from 0.35% in 2012 to 0.26% in 2021. These returns might suggest that fewer farms are reporting taxable income, indicative of a potential decrease in active farming operations. For investors or residents considering agricultural ventures, this trend could reflect a shift in the local economy away from traditional farming. This shift necessitates careful consideration of future agricultural investments or property developments.
Number of Mortgages by Occupancy Type in Montgomery County, OH Over the Last 5 Years in Montgomery County
In Montgomery County, Ohio, mortgage data over the last five years reveals a consistent dominance of mortgages for principal residences compared to investment properties and second homes. The number of mortgages for principal residences peaked in 2021 before declining in 2022, while investment properties followed a similar trend. Second residences remained a minor segment throughout this period. Shifts in occupancy types can influence local markets significantly, impacting everything from property values and rental rates to insurance premiums and development priorities. Investors might find fluctuating interest in investment properties noteworthy, while appraisers and insurance agents should account for these trends when assessing risks and property values.
Economic Outlook
Montgomery County, Ohio is experiencing a steady rise in average taxable income per tax return, hitting $67,898.72 in 2021, which could signal economic growth and attract real estate investors. At the same time, average state and local income taxes have nearly doubled over the past decade to $11,021.70, indicating possible demographic shifts or policy changes. The average total tax liability also reached $10,641.59 in 2021, suggesting a growing economic base but potentially higher costs for... Read more
Average Taxable Income per Tax Return in Montgomery County, OH over the last 9 years
Montgomery County, Ohio has seen a generally upward trend in average taxable income per tax return over the last nine years, with a noticeable spike in 2021 reaching $67,898.72. This data may imply a growing economic base that could attract potential investors and real estate developers. For appraisers and insurance agents, these figures highlight a potentially increasing property value context, while current residents or those considering a move might view this as a sign of economic vitality.
Average State and Local Income Taxes Per Tax Return in Montgomery County, OH Over the Last 10 Years
Over the past decade, Montgomery County, Ohio has seen a notable increase in average state and local income taxes per tax return, jumping from about $5,868.94 in 2012 to approximately $11,021.70 in 2021. This upward trend could suggest a growing tax burden for residents, which might be a consideration for potential investors, new residents, insurers, and property developers. This increase could be reflective of economic changes, policy adjustments, or demographic shifts and is important for real estate agents and anyone with a vested interest in the county's financial health and property market.
Average Total Tax Liability Per Tax Return in Montgomery County, OH Over the Last 10 Years
Over the past decade, Montgomery County, Ohio has displayed a noticeable upward trend in average total tax liability per tax return, peaking at $10,641.59 in 2021. Although there were fluctuations, such as a dip in 2018 to $8,995.57, the overall increase suggests economic growth or changes in tax policy that could be beneficial or relevant to investors, property developers, and real estate agents. This trend can also influence appraisal values and insurance premiums, offering a more complex financial landscape for both residents and professionals in the area.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,250 | $1,416 | $1,723 | $1,778 | $1,168 |
| 1 adult 4 children | $1,250 | $1,156 | $1,325 | $1,778 | $1,289 |
| 2 adults 3 children | $1,250 | $1,156 | $1,491 | $1,778 | $968 |
| 1 adult 3 children | $1,250 | $944 | $1,093 | $1,778 | $1,061 |
| 2 adults 2 children | $953 | $947 | $1,260 | $1,589 | $817 |
| 1 adult 2 children | $953 | $707 | $861 | $1,589 | $796 |
| 2 adults 1 child | $953 | $748 | $1,028 | $974 | $747 |
| 1 adult 1 child | $953 | $483 | $630 | $974 | $630 |
| 2 adults | $744 | $601 | $797 | $0 | $524 |
| 1 adult | $673 | $328 | $398 | $0 | $441 |
Safety trends & Data
Montgomery County, Ohio has seen notable changes in property crime trends over the past five years. While burglary and larceny-theft have decreased from 2018 to 2022, sporadic increases in arson, vandalism, and fraud cases have occurred. Motor vehicle thefts and stolen property incidents have shown variable but generally stable trends. Potential investors, real estate agents, and new residents need to consider these evolving safety dynamics when assessing the county's real estate market and... Read more
Property Crime Trends in Montgomery County, OH Over the Last 5 Years
Montgomery County, Ohio has experienced significant fluctuations in property crime trends over the last five years. While burglary and larceny-theft rates show a noticeable decline from 2018 to 2022, there have been intermittent spikes in arson, vandalism, and fraud cases. Interestingly, motor vehicle thefts and incidents of stolen property exhibited variable yet overall stable trends. Prospective investors, real estate agents, and those considering relocation should be mindful of these dynamic shifts when evaluating the area's safety and property risks.
Demographics
Montgomery County, Ohio, displays a slight gender imbalance with more females than males. Educationally, the majority fall within the high school to some college range, though a significant portion has achieved higher education degrees. Age demographics suggest a relatively balanced distribution across all age groups, though the 25-34 and 55-64 age brackets might have slight surges. Racially, the county appears predominantly white with notable representations of Black or African American... Read more
Race Distribution in Montgomery County, Ohio (2022)
Educational Attainment in Montgomery County, Ohio (2022)
Age Distribution in Montgomery County, Ohio
Citizen Population in Montgomery County, Ohio (2022)
Political Trends & Data
Montgomery County in Ohio displayed a competitive political scene in the 2020 U.S. Presidential Election. Democrats edged out Republicans with around 50.3% of the votes, while Republicans secured approximately 48%. Minor parties, including the Libertarians, had minimal impact, gathering only a small fraction of the vote. This balance could indicate a contested real estate market influenced by diverse political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County in Ohio showed a slight edge for Democrats in the 2020 U.S. Presidential Election, with approximately 50.3% of the votes. Republicans were close behind with around 48%, indicating a fairly competitive political landscape. Minor parties, such as the Libertarians, garnered a small fraction of the vote, suggesting limited influence in this county.
48.06% of voters voted for the Republican party in the 2020 Presidential Election
50.30% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Montgomery County, Ohio has seen fluctuating student-to-teacher ratios over the past nine years, with peaks around 19 in 2018 and 2020, before dropping to about 18 in 2023. This ratio remains higher than the national average of 14, potentially indicating larger class sizes and less individualized attention for students. These trends could be essential for real estate agents, homebuyers, and investors when evaluating the area's educational quality, and for educational planners making resource... Read more
Student-to-teacher ratio in Montgomery County, Ohio over the last 9 years
Over the past nine years, the student-to-teacher ratio in Montgomery County, Ohio has shown noticeable fluctuations, peaking at about 19 in both 2018 and 2020 before declining to approximately 18 in 2023. This ratio generally trends higher than the national average of 14 students per teacher, which could imply larger class sizes and potentially less individualized attention for students. These dynamics might be crucial for appraisers, real estate agents, and potential homebuyers who are evaluating the quality of education in the area, as well as for those looking to invest in or move to Montgomery County. Understanding these trends may also be particularly relevant for educational planners and policymakers who aim to make data-driven decisions in resource allocation.
